CHAPTER 5. Novation [1530. - [1533.]]

Chapter 5 enacted 1872.

§§ 1530–[1533.] · 4 sections

• § 1530 Novation is the substitution of a new obligation for an existing one.
• § 1531 Novation is made: 1. By the substitution of a new obligation between the same parties, with intent to extinguish the old obligation; 2. By the substitution of…
• § 1532 Novation is made by contract, and is subject to all the rules concerning contracts in general.
• § [1533.] Section Fifteen Hundred and Thirty-three. When the obligation of a third person, or an order upon such person is accepted in satisfaction, the creditor may…